... Budget watch elevated as House schedules formal session for Monday afternoon ...... Vineyard Wind says project challenged unless it gets key fed determination by end of August ...... With transit system struggling, MBTA Board returns on Monday after long layoff ...... DeLeo wants another interim budget, but Baker says that's a "last resort" ...... Harness racing, simulcast wagering sites at risk without extension of gaming laws due to expire July 31 ...... Budget impasse causes UMass to postpone decision on fall tuition and fee rates ...... ACLU sues MassDOT, alleges agency failed to respond to its face surveillance public records requests ...... Baker returns Janus bill with amendment designed to protect employee cellphone numbers ...... Transportation emission reductions will be focus of workshops July 18, July 23, July 25 ...
Latest Headlines:
House:
ADJOURNED 'til Monday at 11 a.m. (formal)
Senate:
ADJOURNED 'til Monday at 11 a.m. (no calendar)

MTF: COLLECTIONS THROW UP "YELLOW LIGHT" ON SPENDING

A 6 percent year-over-year drop in January tax collections should be a "yellow light" for lawmakers as they draft plans for new spending in fiscal 2020, a business-backed state watchdog group said.

Massachusetts Taxpayers Foundation President Eileen McAnneny said Wednesday that with revenues trailing fiscal 2019 budget benchmarks by $400 million with five months left in the fiscal year, the state this year may be on track to make a smaller deposit into its rainy day fund than expected. That is because lower than expected capital gains tax revenues, which officials say may be underperforming, will automatically cut into an expected $489 million transfer.


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